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The Technical And Management Challenges At Big Data Analysis Essay

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1. Abstract: Inventions in technology and excessive use of digital devices have presided over today’s Age of Big Data, in Three V’s of data. These data allows the users to enhance the social security, understand the existing systems and to track improvement progress. For example, transforming Big Data (banking transactions, call records, online user created data like Tweets and blogs, online searches, etc.) into useful data needs computational methods to reveal structure among and inside these very big socioeconomic data. The data driven management is now familiar and there is increasing interest for the concept of “Big Data”. Currently there is a gap between its insight and its potentials of Big Data. This paper highlights five steps in analysis of big data and discusses what has already been done. This paper also list out the technical and management challenges in Big Data analysis. We begin by considering the five stages in the pipeline, then move on to the challenges, and end with a conclusion. 2. Introduction Today data is being flooded in all means as it is being collected in unprecedented ways. Decisions which were taken by way of guesswork and difficult models can now be made on the base of data itself. Big data analysis can be dream on every aspect of today’s society - Mobile services, manufacturing, retail, life sciences, financial services and physical sciences. Big Data has the potential to revolutionize scientific research, education, use of Information

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